The renewed focus on regional trade agreements (RTAs) is impacting major emerging markets. An EU initiative looked at the multilateral trade system and its implications for Europe and emerging countries.
Despite globalisation, protectionism and the exclusion of emerging markets from global trade deals, there is a will to take the multilateral trade agenda forward. With EU funding, the MULTITRADE (Does trade multilateralism have a future? Reviving the WTO's credibility as the premier multilateral trade negotiating forum) project analysed the potential structure of a multilateral trade negotiation system and trade liberalisation approach.
Further details: The impact of regional trade agreements for the EU and emerging economies